Twinbeech Capital LP Has $5.22 Million Holdings in Sensata Technologies Holding plc (NYSE:ST)

Twinbeech Capital LP cut its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 37.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,578 shares of the scientific and technical instruments company's stock after selling 114,425 shares during the period. Twinbeech Capital LP owned approximately 0.13% of Sensata Technologies worth $5,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. raised its position in Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after buying an additional 820 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Sensata Technologies during the fourth quarter valued at $27,000. Venturi Wealth Management LLC raised its position in Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after buying an additional 817 shares during the period. Parkside Financial Bank & Trust raised its position in Sensata Technologies by 48.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after buying an additional 820 shares during the period. Finally, Headlands Technologies LLC raised its position in Sensata Technologies by 524.8% during the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after buying an additional 2,325 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on ST shares. UBS Group lowered their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company boosted their target price on Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. The Goldman Sachs Group boosted their target price on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Oppenheimer lowered their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $34.08.

Sensata Technologies Stock Down 1.2%

Shares of ST traded down $0.31 during trading hours on Friday, hitting $25.23. 1,908,088 shares of the company were exchanged, compared to its average volume of 1,707,566. The company has a market cap of $3.69 billion, a PE ratio of 30.03, a PEG ratio of 1.25 and a beta of 1.02. The firm's 50 day moving average is $23.04 and its 200-day moving average is $26.99. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $42.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The firm had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. During the same quarter in the prior year, the company earned $0.89 EPS. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 1.90%. Sensata Technologies's payout ratio is 59.26%.

Sensata Technologies Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.